Comcast Shareholders Overwhelmingly Approve the Stock Issuance for
Merger with Time Warner Cable

October 08, 2014 11:03 AM Eastern Daylight Time

PHILADELPHIA--(BUSINESS WIRE)--Comcast
Corporation (Nasdaq: CMCSA, CMCSK) announced today that, at its
special meeting of shareholders held at The Kimmel Center for The
Performing Arts in Philadelphia this morning, more than 99% of Comcast
shareholders voting supported Comcast’s proposal to issue 2.875 shares
of Comcast Class A common stock for every one share of Time Warner Cable
(NYSE: TWC) common stock in connection with Comcast’s proposed merger
with Time Warner Cable.

The merger between Comcast and Time Warner Cable is subject to various
regulatory approvals and other customary conditions and also requires
approval by Time Warner Cable shareholders, who are expected to vote on
the merger tomorrow, October 9, 2014. Subject to satisfaction of these
conditions, the merger is expected to close in early 2015.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and
technology company with two primary businesses, Comcast Cable and
NBCUniversal. Comcast Cable is the nation's largest video, high-speed
Internet and phone provider to residential customers under the XFINITY
brand and also provides these services to businesses. NBCUniversal
operates news, entertainment and sports cable networks, the NBC and
Telemundo broadcast networks, television production operations,
television station groups, Universal Pictures and Universal Parks and
Resorts. Visit www.comcastcorporation.com
for more information.

Important Information for Investors and
Shareholders

This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of any
vote or approval. In connection with the proposed transaction between
Comcast Corporation and Time Warner Cable Inc., Comcast has filed with
the Securities and Exchange Commission (“SEC”) a registration statement
on Form S-4, including Amendments No. 1, 2, 3, 4, 5 and 6 thereto,
containing a joint proxy statement of Comcast and Time Warner Cable that
also constitutes a prospectus of Comcast. The registration statement was
declared effective by the SEC on September 5, 2014, and Comcast and Time
Warner Cable commenced mailing the definitive joint proxy
statement/prospectus to shareholders of Comcast and Time Warner Cable on
or about September 9, 2014. INVESTORS AND SECURITY HOLDERS OF TIME
WARNER CABLE ARE URGED TO READ THE DEFINITIVE JOINT PROXY
STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED OR THAT WILL BE FILED
WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR
WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders may
obtain free copies of the registration statement and the definitive
joint proxy statement/prospectus and other documents filed with the SEC
by Comcast or Time Warner Cable through the website maintained by the
SEC at http://www.sec.gov.
Copies of the documents filed with the SEC by Comcast are available free
of charge on Comcast’s website at http://cmcsa.com
or by contacting Comcast’s Investor Relations Department at
866-281-2100. Copies of the documents filed with the SEC by Time Warner
Cable are available free of charge on Time Warner Cable’s website at http://ir.timewarnercable.com
or by contacting Time Warner Cable’s Investor Relations Department at
877-446-3689.

Comcast and Time Warner Cable and their respective directors and certain
of their respective executive officers may be considered participants in
the solicitation of proxies in connection with the proposed transaction
between Comcast and Time Warner Cable. Information about the directors
and executive officers of Time Warner Cable is set forth in its Annual
Report on Form 10-K for the year ended December 31, 2013, which was
filed with the SEC on February 18, 2014, its proxy statement for its
2014 annual meeting of stockholders, which was filed with the SEC on
April 29, 2014, and its Current Report on Form 8-K, which was filed with
the SEC on June 13, 2014. Information about the directors and executive
officers of Comcast is set forth in its Annual Report on Form 10-K for
the year ended December 31, 2013, which was filed with the SEC on
February 12, 2014, its proxy statement for its 2014 annual meeting of
stockholders, which was filed with the SEC on April 11, 2014, and its
Current Report on Form 8-K, which was filed with the SEC on July 1,
2014. These documents can be obtained free of charge from the sources
indicated above. Additional information regarding the participants in
the proxy solicitations and a description of their direct and indirect
interests, by security holdings or otherwise, are contained in the
definitive joint proxy statement/prospectus of Comcast and Time Warner
Cable filed with the SEC and other relevant materials to be filed with
the SEC when they become available.